Qualcomm is in Talks to Acquire NXP Semiconductors

Qualcomm Inc. is in talks to acquire NXP Semiconductors NV, a deal that would likely be valued at over $30 billion and represent the latest merger in a rapidly consolidating semiconductor industry.

A deal could be struck in the next two to three months, according to people familiar with the matter. As always, it is possible there won’t be one, and some of the people said Qualcomm is also exploring other deal options.

NXP, which is based in the Netherlands and trades on Nasdaq, had a roughly $28 billion market value midday Thursday. With a typical premium, a takeover could value the company at more than $30 billion, making it one of the largest in another strong year for mergers and acquisitions.

Qualcomm, which is based in San Diego, has a market value of $93 billion.

—-Don Clark and Stu Woo contributed to this article.

Write to Eyk Henning at eyk.henning@wsj.com, Dana Mattioli at dana.mattioli@wsj.com and Dana Cimilluca at dana.cimilluca@wsj.com

Breaking the story

Eyk Henning, Dana Mattioli and Dana Cimilluca were first to report that Qualcomm is in talks to buy NXP Semiconductors. The deal could value NXP at more than $30 billion.

Timeline

September 29, 2016, 1:10

Qualcomm is in Talks to Acquire NXP Semiconductors – Sources

September 29, 2016, 1:10

Deal Between Chip Makers Could be Struck in Next Two-Three Months – Sources

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